The reduction could save two million homeowners an average of about $900 a year.

In the world of real estate, few people are more powerful than Mel Watt.

Government-backed loans with the Federal Housing Administration help borrowers who might look like a foreclosure risk. And the reality is many of them are.

The Federal Housing Administration may need taxpayer money as delinquencies mount on loans it guaranteed for first-time home buyers.

The Federal Housing Administration's annual report is due out this week, and there's concern that the agency, which insures more than a trillion dollars in mortgages, is in big financial trouble.

President Obama reportedly plans to announce some new help for hurting homeowners. There's word one part of the plan would make it cheaper to refinance mortgages insured by the Federal Housing Administration.